The Debt Management Office (DMO) has opened subscriptions for the Federal Government of Nigeria (FGN) Savings Bonds for 2026, offering investors an interest rate of 15.39 per cent per annum.
It made the announcement in a notification released on Monday, December 12.
The January 2026 issuance rates are higher than those offered in December 2025, Pinnacle Daily can report.
In December, the DMO offered a 2-year FGN Savings Bond at 13.565 per cent per annum and a 3-year bond at 14.565 per cent per annum.
For the first issuance in the new year, the debt office is offering a 2-year bond at 14.396 per cent per annum and a 3-year bond at 15.396 per cent per annum.
The 2-year bond will mature on January 21, 2028, while the 3-year bond will mature on January 21, 2029.
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Subscriptions opened on January 12, 2026, and will close on January 16, 2026, with settlement scheduled for January 21, 2026.
Coupon payments will be made quarterly on April 21, July 21, October 21, and January 21 each year until maturity.
“The bonds are offered at N1,000 per unit, with a minimum subscription of N5,000 and additional investments in multiples of N1,000, subject to a maximum of N50 million per investor,” the DMO stated.
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FGN Savings Bonds are backed by the full faith and credit of the Federal Government of Nigeria, making them among the safest fixed-income instruments in the domestic market.
The offerings are designed primarily for retail investors but are also accessible to institutional investors.
The bonds are listed on the Nigerian Exchange Limited (NGX), enabling investors to sell them in the secondary market before maturity if liquidity is required.
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Interest earned on the bonds is also tax-exempt for eligible investors, including pension funds and trustees under the Trustee Investment Act.
Throughout 2025, DMO bond issuances recorded yields largely in the mid-to-high teens, with some offerings approaching 18 per cent per annum, reflecting strong investor demand for inflation-hedging instruments amid tight monetary policy conditions.
The January 2026 offers align with the federal government’s strategy to deepen the domestic debt market while encouraging savings through secure, long-term instruments.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
